EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/03/20

By March 23, 2020Ethereum
Click here to view original web page at finance.yahoo.com

EOS

EOS slid by 6.31% on Sunday. Reversing a 3.54% gain from Saturday, EOS ended the week up 4.08% to $2.1356.

A bullish start to the day saw EOS rise to a mid-morning intraday high $2.3950 before hitting reverse.

Coming up against the first major resistance level at $2.3923, EOS tumbled to a final hour intraday low $2.0984.

The reversal saw EOS fall through the first major support level at $2.1374 to wrap up the day in the deep red.

At the time of writing, EOS was down by 0.25% to $2.1302. A choppy start to the day saw EOS slide to an early morning low $2.0632 before striking a high $2.1647.

EOS left the major support and resistance levels untested early in the day.

EOS would need to move through to $2.21 levels to bring the first major resistance level at $2.3209 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.1647.

Barring another extended rally, the first major resistance level at $2.3209 would likely limit any upside.

Failure to move through to $2.21 levels could see EOS fall deeper into the red.

A fall back through to sub-$2.10 levels would bring the first major support level at $2.0243 back into play.

Barring another crypto meltdown, however, EOS should steer well clear of $2.00 support levels.

Major Support Level: $2.0243

Major Resistance Level: $2.3209

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 7.81% on Sunday. Following on from a 0.42% decline on Saturday, Ethereum ended the week down 0.74% at $122.42.

A relatively bullish start to the day saw Ethereum rise to a mid-morning intraday high $137.38 before hitting reverse.

Falling short of the first major resistance level at $138.34, Ethereum tumbled to a final hour intraday low $120.90.

While falling through the first major support level at $126.54, Ethereum avoided the second major support level at $120.29.

At the time of writing, Ethereum was up by 0.62% to $123.18. A mixed start to the day saw Ethereum fall to an early morning low $119.20 before striking a high $125.35.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to move through to $127 levels to support a run at the first major resistance level at $132.90.

EOS slid by 6.31% on Sunday. Reversing a 3.54% gain from Saturday, EOS ended the week up 4.08% to $2.1356.

A bullish start to the day saw EOS rise […]

Leave a Reply